Africa Energy Corp. (CVE:AFE – Get Free Report)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.03 and traded as low as C$0.03. Africa Energy shares last traded at C$0.03, with a volume of 42,000 shares traded.
Africa Energy Trading Up 20.0 %
The company has a quick ratio of 28.20, a current ratio of 0.24 and a debt-to-equity ratio of 13.68. The stock has a market capitalization of C$42.30 million, a PE ratio of -0.16 and a beta of 1.06. The business’s fifty day moving average is C$0.03 and its 200-day moving average is C$0.04.
Africa Energy Company Profile
Africa Energy Corp. operates as an oil and gas exploration and production company in South Africa and Namibia. The company focuses on potential gas condensate development on Block 11B/12B offshore in South Africa. It also holds interest in the Block 2B offshore the Republic of South Africa. The company was formerly known as Horn Petroleum Corporation and changed its name to Africa Energy Corp.
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